Talos Energy has entered an agreement to acquire Whistler Energy II for $52m.
Whistler Energy’s assets include 100% working interest in three blocks, namely Green Canyon 18, Green Canyon 60 and Ewing Bank 988, covering 16,494 acres in the Gulf of Mexico, US, as well as a production facility located in Green Canyon Block 18.
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Based in the US, Talos Energy is an exploration and production company, while Whistler Energy II, also based in the US, is a developer of oil and gas resources.
The acquisition will expand Talos Energy’s asset base in the Green Canyon area.
Viking has acquired Norsafe, a lifeboats and lifesaving systems provider based in Norway.
The acquisition will enable Viking to provide its customers with a broad range of products and services, including lifeboats, and hook and davit products.
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By GlobalDataBased in Denmark, Viking is a provider of safety and fire-fighting equipment for offshore installations.
The transaction is expected to be closed in October 2018.
Unique Group has acquired Water Weights, a UK-based load-testing equipment provider.
The newly acquired company will become part of Unique Group’s Buoyancy & Ballast division.
Based in the UAE, Unique Group is an integrated offshore solutions provider.
The acquisition will enable Unique Group to deliver bespoke engineering solutions to its global customers.
Transocean has entered an agreement to acquire offshore-drilling contractor Ocean Rig for $2.7bn. The acquisition also includes the assumption of Ocean Rig’s net debt.
Every Ocean Rig shareholder will receive 1.6128 Transocean shares for each share held in the company and $12.75 in cash under the agreement.
Transocean and Ocean Rig shareholders will respectively own 79% and 21% of the newly formed combined company upon completion of the acquisition.
Transocean plans to fund the acquisition through cash in hand and through a loan from Citi.
Based in Cyprus, Ocean Rig is an operator of semi-submersible oil rigs and ultra-deepwater drillships, while Transocean is an offshore drilling contractor based in Switzerland.
The acquisition is expected to strengthen Transocean’s ultra-deepwater and harsh-environment drilling capabilities.
